Careerrise Inc

Analysis

Careerrise Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Careerrise Inc reported income of $5.8m and spending of $3.0m, leaving 48% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.6m to $5.8m (+264%), an average of +264% a year. The sharpest change came in the year to December 2023, when income rose by 264%. Over the whole period it spent 42% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Careerrise Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within GA. Charities of a similar size with the same main cause include Federation Housing Inc ($5.8m), West Harlem Community Organization Inc ($5.8m) and Grow Associates Inc ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 7.7% of the total. Compensation of current officers, directors and key employees was $140k (4.6% of expenses). Other salaries and wages came to $931k. At year end it held assets of $5.0m against liabilities of $648k, net assets of $4.3m. It reported 19 employees.